CHAMPAIGN - URBANA Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Champaign - Urbana averaged 6.52% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.43% and one month ago for the week of 2024-10-10, the average rate was 6.36%.

    Champaign - Urbana's average rate one year ago was 7.14%.

    For refis of the same type during the week of 2024-11-14, the average rate was 7.08%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Champaign - Urbana 30 Year Fixed Rate 2024-11-14 6.52%
    Champaign - Urbana 30 Year Fixed Rate Refi 2024-11-14 7.08%
    Champaign - Urbana 15 Year Fixed Rate 2024-11-14 6.42%
    Champaign - Urbana 15 Year Fixed Rate Refi 2024-11-14 5.99%
    Champaign - Urbana 30 Year FHA 2024-11-14 -0.25%
    Champaign - Urbana 30 Year FHA Refi 2024-11-14 0.1%
    Champaign - Urbana 30 Year USDA 2024-11-14 -0.1%
    Champaign - Urbana 30 Year USDA Refi 2024-11-14 -0.1%
    Champaign - Urbana 30 Year VA 2024-11-14 0.23%
    Champaign - Urbana 30 Year VA Refi 2024-11-14 0.1%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within CHAMPAIGN-URBANA, IL.

    CHAMPAIGN - URBANA Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the CHAMPAIGN-URBANA, IL market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FLAT BRANCH MORTGAGE, INC. 292 6.85% $2,876
    Busey Bank 227 6.16% $2,404
    UNIVERSITY OF ILLINOIS COMMUNITY 83 6.27% $1,821
    PRIMELENDING, A PLAINSCAPITAL COMPANY 53 7.14% $3,488
    Midland States Bank 43 6.61% $3,178
    UNITED WHOLESALE MORTGAGE, LLC 40 6.65% $3,853
    First Mid Bank & Trust 29 6.47% $1,852
    JPMorgan Chase Bank 29 6.67% $3,451
    INB 28 6.76% $2,284
    QUICKEN LOANS, LLC 28 7.01% $5,633
    Heartland Bank and Trust Company 21 6.45% $2,178
    FIRST STATE MORTGAGE SERVICES, LLC 18 6.69% $3,455
    AMERICAN PACIFIC MORTGAGE CORPORATION 16 7.01% $6,242
    The Huntington National Bank 15 6.26% $2,717
    Marine Bank 14 6.05% $2,120
    PNC Bank 12 6.56% $3,800
    Morton Community Bank 12 6.88% $2,353
    POINT Mortgage 11 6.66% $3,939
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 6.52% $4,443
    Iroquois Federal Savings and Loan Association 9 6.92% $2,302
    1786 9 6.71% $2,297
    CROSSCOUNTRY MORTGAGE, LLC 8 6.62% $5,216
    BROKER SOLUTIONS, INC. 8 7.03% $4,911
    FRONTIER FINANCIAL, INC. 8 6.92% $2,590
    U.S. Bank 8 6.73% $2,753
    Wells Fargo Bank 7 6.88% $3,896
    Prairie State Bank and Trust 7 6.71% $1,902
    Flagstar Bank, FSB 6 7.14% $3,912
    Regions Bank 6 6.83% $2,843
    CITIZENS EQUITY FIRST 5 6.15% $1,765
    HOMESIDE FINANCIAL, LLC 5 6.50% $3,044
    First Financial Bank 5 7.05% $2,866
    GUIDANCE RESIDENTIAL, LLC 4 6.84% $2,351
    ZILLOW HOME LOANS, LLC 4 7.31% $4,917
    PENNYMAC LOAN SERVICES, LLC 4 6.47% $5,248
    CIBM Bank 4 6.97% $2,306
    GUARANTEED RATE, INC. 3 7.17% $3,544
    GUARANTEED RATE AFFINITY, LLC 3 6.99% $4,329
    Petefish, Skiles & Co. 3 6.83% $3,167
    PENTAGON FEDERAL CREDIT UNION 3 6.67% $2,190
    Community Mortgage Banc Corporation 3 6.79% $2,972
    NAVY FEDERAL CREDIT UNION 3 6.29% $3,305
    Farm Credit Mid-America, ACA 3 6.67% $6,299
    Bank of America 3 5.75% $9,952
    Fifth Third Bank 3 6.25% $2,760
    GUILD MORTGAGE COMPANY 3 9.17% $3,951
    CMG MORTGAGE, INC. 2 6.81% $8,767
    Discover Bank 2 6.37% $0
    CHURCHILL MORTGAGE CORPORATION 2 7.25% $4,030
    First Savings Bank 2 6.13% $2,292
    Flanagan State Bank 2 7.88% $3,978
    BMO Harris Bank 2 6.63% $3,726
    ILLINOIS STATE CREDIT UNION 2 6.25% $1,728
    Barrington Bank & Trust Company, N.A. 2 7.18% $4,136
    KELLER MORTGAGE, LLC 2 6.69% $2,758
    Bank of Springfield 2 7.94% $2,009
    Mr. Cooper ( Nationstar Mortgage ) 2 6.13% $3,133
    NBKC BANK 2 7.88% $2,355
    NexBank 2 7.69% $3,091
    Old National Bank 2 7.00% $2,855
    Associated Bank 2 6.69% $4,026
    AMERISAVE MORTGAGE CORPORATION 2 6.87% $10,008
    PROVIDENT FUNDING ASSOCIATES, L.P. 2 6.25% $3,408
    PURDUE FEDERAL CREDIT UNION 2 7.19% $2,859
    American Airlines Federal Credit Union 2 5.81% $0
    ROYAL UNITED MORTGAGE LLC 2 6.75% $5,819
    Ally Bank 2 5.19% $14,861
    Third Federal Savings and Loan Association of Cleveland 2 6.57% $2,041
    Allied First Bank,sb 2 6.38% $2,785
    University of Wisconsin Credit Union 2 6.38% $2,291
    USAA Federal Savings Bank 2 6.06% $4,615
    MEMBER FIRST MORTGAGE, LLC 1 6.50% $4,324
    Bank of England 1 6.50% $4,250
    Morgan Stanley Private Bank 1 5.35% $2,873
    Mortgage Research Center, LLC 1 6.99% $3,982
    Fidelity Bank 1 6.50% $2,437
    MOVEMENT MORTGAGE, LLC 1 5.99% $8,275
    STAR ONE CREDIT UNION 1 6.38% $1,585
    M&T Bank 1 6.88% $2,451
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.00% $4,240
    DRAPER AND KRAMER MORTGAGE CORP. 1 7.00% $5,004
    The Central Trust Bank 1 6.38% $1,579
    Neighborhood Loans, Inc. 1 6.75% $4,788
    The Federal Savings Bank 1 7.13% $3,296
    NORTHWEST BANK OF ROCKFORD 1 6.13% $2,184
    NP, Inc. 1 9.75% $3,867
    Clear Mountain Bank 1 6.63% $2,491
    Old Second National Bank 1 6.88% $3,747
    Dieterich Bank 1 6.88% $1,877
    Deseret First Credit Union 1 6.13% $5,536
    Deere Employees Credit Union 1 5.88% $1,806
    PHH Mortgage Corporation 1 6.88% $6,143
    Plains Commerce Bank 1 5.50% $1,374
    The Loan Store, Inc. 1 7.25% $2,687
    COMPASS MORTGAGE, INC. 1 6.88% $6,460
    Credit Union 1 1 7.38% $3,566
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 7.25% $3,310
    Princeton Federal Credit Union 1 6.88% $4,493
    THRIVENT Federal Credit Union 1 6.75% $2,635
    UNION HOME MORTGAGE CORP. 1 7.38% $3,767
    CALIBER HOME LOANS, INC. 1 6.63% $4,258
    Fortress Bank 1 6.88% $1,862
    Cathay Bank 1 6.38% $3,061
    Grundy Bank 1 6.63% $2,926
    First State Bank 1 5.88% $1,947
    First National Bank of America 1 9.38% $7,290
    First Financial Bank 1 6.38% $4,534
    First Federal Savings Bank 1 6.38% $2,822
    HEARTLAND 1 6.25% $2,230
    CONSUMERS COOPERATIVE CREDIT UNION 1 6.75% $1,952
    FIRST COMMUNITY 1 5.50% $1,369
    IAA Credit Union 1 5.88% $2,845
    RBC Bank, (Georgia) 1 6.00% $1,420
    Blue Ridge Bank 1 6.50% $2,488
    Baxter Credit Union 1 6.75% $3,512
    CORNERSTONE HOME LENDING, INC. 1 7.13% $8,227
    ALLIANT CREDIT UNION 1 6.50% $3,640
    Key Mortgage Services, Inc. 1 7.25% $4,614
    LOANDEPOT.COM, LLC 1 7.50% $4,249
    Simmons Bank 1 7.50% $2,699

    CHAMPAIGN - URBANA Average Closing Costs & Other Stats

    CHAMPAIGN-URBANA, IL's 120 lenders originated 3,138 loans during 2023. The total origination value was $818,700,000, with an average loan value of $260,899.

    CHAMPAIGN - URBANA's average closing costs are $3,045.

    The top CHAMPAIGN - URBANA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 292 loans originated. Their average total fees are $2,876, which is $472 higher than the next largest lender, Busey Bank.

    The lowest fee CHAMPAIGN - URBANA lenders (with over 10 loans originated) are UNIVERSITY OF ILLINOIS COMMUNITY ($1,821), First Mid Bank & Trust ($1,852), Marine Bank ($2,120), Heartland Bank and Trust Company ($2,178) and INB ($2,284).

    The lowest rate CHAMPAIGN - URBANA lenders (with over 10 loans originated) are Marine Bank (6.05%), Busey Bank (6.16%), The Huntington National Bank (6.26%), UNIVERSITY OF ILLINOIS COMMUNITY (6.27%) and Heartland Bank and Trust Company (6.45%).

    CHAMPAIGN-URBANA, IL Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Busey Bank $217,065,000 $151,735,000 -30.1% 18.5%
    FLAT BRANCH MORTGAGE, INC. $88,435,000 $81,185,000 -8.2% 9.9%
    Morton Community Bank $70,365,000 $48,905,000 -30.5% 6.0%
    Old National Bank $2,250,000 $43,935,000 1,852.7% 5.4%
    Iroquois Federal Savings and Loan Association $54,915,000 $43,055,000 -21.6% 5.3%
    Hickory Point Bank and Trust $71,875,000 $40,450,000 -43.7% 4.9%
    The Fisher National Bank $30,530,000 $28,035,000 -8.2% 3.4%
    UNIVERSITY OF ILLINOIS COMMUNITY $13,865,000 $19,125,000 37.9% 2.3%
    First Federal Savings Bank of Champaign-Urbana $30,875,000 $17,885,000 -42.1% 2.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $29,590,000 $17,490,000 -40.9% 2.1%
    UNITED WHOLESALE MORTGAGE, LLC $21,860,000 $15,045,000 -31.2% 1.8%
    First Financial Bank $5,985,000 $14,070,000 135.1% 1.7%
    QUICKEN LOANS, LLC $21,845,000 $13,845,000 -36.6% 1.7%
    1786 $12,970,000 n/a 1.6%
    First Mid Bank & Trust $41,790,000 $12,920,000 -69.1% 1.6%
    Midland States Bank $16,000,000 $11,650,000 -27.2% 1.4%
    INB $32,975,000 $11,245,000 -65.9% 1.4%
    Mortgage Research Center, LLC $9,510,000 $10,350,000 8.8% 1.3%
    American Bank of Missouri $9,745,000 n/a 1.2%
    JPMorgan Chase Bank $24,910,000 $8,580,000 -65.6% 1.0%
    First State Bank $18,630,000 $7,545,000 -59.5% 0.9%
    PNC Bank $12,790,000 $7,410,000 -42.1% 0.9%
    First State Bank $18,630,000 $7,205,000 -61.3% 0.9%
    AMERICAN PACIFIC MORTGAGE CORPORATION $2,435,000 $7,035,000 188.9% 0.9%
    CBRE MULTIFAMILY CAPITAL, INC. $6,805,000 n/a 0.8%
    CIBM Bank $575,000 $6,580,000 1,044.3% 0.8%
    BankChampaign, N.A. $5,300,000 n/a 0.6%
    The Gifford State Bank $5,100,000 n/a 0.6%
    FIRST STATE MORTGAGE SERVICES, LLC $5,950,000 $5,090,000 -14.5% 0.6%
    The Huntington National Bank $2,925,000 $4,925,000 68.4% 0.6%
    Marine Bank $23,580,000 $4,715,000 -80.0% 0.6%
    Bank of Springfield $460,000 $4,370,000 850.0% 0.5%
    Prairie State Bank and Trust $13,695,000 $4,055,000 -70.4% 0.5%
    ORIX REAL ESTATE CAPITAL, LLC $3,855,000 n/a 0.5%
    Heartland Bank and Trust Company $6,020,000 $3,760,000 -37.5% 0.5%
    Regions Bank $4,015,000 $3,755,000 -6.5% 0.5%
    POINT Mortgage $3,675,000 n/a 0.4%
    State Bank of Bement $3,515,000 n/a 0.4%
    BROKER SOLUTIONS, INC. $2,205,000 $3,395,000 54.0% 0.4%
    CROSSCOUNTRY MORTGAGE, LLC $2,310,000 $2,765,000 19.7% 0.3%
    NAVY FEDERAL CREDIT UNION $3,705,000 $2,690,000 -27.4% 0.3%
    U.S. Bank $4,105,000 $2,505,000 -39.0% 0.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $5,335,000 $2,450,000 -54.1% 0.3%
    Prospect Bank $27,720,000 $2,275,000 -91.8% 0.3%
    First State Bank of Forrest $3,055,000 $2,230,000 -27.0% 0.3%
    Bank of America $2,820,000 $2,195,000 -22.2% 0.3%
    Flagstar Bank, FSB $2,505,000 $2,180,000 -13.0% 0.3%
    FRONTIER FINANCIAL, INC. $2,110,000 n/a 0.3%
    LOANDEPOT.COM, LLC $3,175,000 $2,075,000 -34.6% 0.3%
    Wells Fargo Bank $9,790,000 $2,000,000 -79.6% 0.2%
    CITIZENS EQUITY FIRST $2,750,000 $1,950,000 -29.1% 0.2%
    PENNYMAC LOAN SERVICES, LLC $3,460,000 $1,910,000 -44.8% 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $3,670,000 $1,835,000 -50.0% 0.2%
    USAA Federal Savings Bank $2,555,000 $1,775,000 -30.5% 0.2%
    GUARANTEED RATE, INC. $9,690,000 $1,550,000 -84.0% 0.2%
    AMERISAVE MORTGAGE CORPORATION $1,140,000 $1,535,000 34.6% 0.2%
    Associated Bank $365,000 $1,455,000 298.6% 0.2%
    Carrington Mortgage Services, LLC $2,040,000 $1,390,000 -31.9% 0.2%
    Farm Credit Mid-America, ACA $835,000 $1,330,000 59.3% 0.2%
    PENTAGON FEDERAL CREDIT UNION $715,000 $1,280,000 79.0% 0.2%
    HOMESIDE FINANCIAL, LLC $1,280,000 $1,220,000 -4.7% 0.1%
    AMERICAN HERITAGE LENDING, INC. $1,140,000 n/a 0.1%
    Discover Bank $875,000 $1,120,000 28.0% 0.1%
    Third Federal Savings and Loan Association of Cleveland $675,000 $1,115,000 65.2% 0.1%
    PURDUE FEDERAL CREDIT UNION $740,000 $1,030,000 39.2% 0.1%
    NEWREZ LLC $1,540,000 $1,025,000 -33.4% 0.1%
    BMO Harris Bank $125,000 $1,015,000 712.0% 0.1%
    UNION HOME MORTGAGE CORP. $465,000 $990,000 112.9% 0.1%
    GUIDANCE RESIDENTIAL, LLC $2,025,000 $975,000 -51.9% 0.1%
    FREEDOM MORTGAGE CORPORATION $3,175,000 $915,000 -71.2% 0.1%
    Barrington Bank & Trust Company, N.A. $360,000 $895,000 148.6% 0.1%
    American Airlines Federal Credit Union $275,000 $835,000 203.6% 0.1%
    Citizens Bank $900,000 $815,000 -9.4% 0.1%
    GUARANTEED RATE AFFINITY, LLC $1,255,000 $815,000 -35.1% 0.1%
    Morgan Stanley Private Bank $410,000 $815,000 98.8% 0.1%
    DRAPER AND KRAMER MORTGAGE CORP. $3,635,000 $795,000 -78.1% 0.1%
    PROVIDENT FUNDING ASSOCIATES, L.P. $735,000 n/a 0.1%
    Fifth Third Bank $1,065,000 $715,000 -32.9% 0.1%
    Bank of Gibson City $710,000 n/a 0.1%
    Flanagan State Bank $515,000 $695,000 35.0% 0.1%
    Ally Bank $765,000 $680,000 -11.1% 0.1%
    CMG MORTGAGE, INC. $675,000 n/a 0.1%
    21ST MORTGAGE CORPORATION $1,530,000 $670,000 -56.2% 0.1%
    ROYAL UNITED MORTGAGE LLC $550,000 $665,000 20.9% 0.1%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $145,000 $635,000 337.9% 0.1%
    GUILD MORTGAGE COMPANY $925,000 $635,000 -31.4% 0.1%
    First Financial Bank $5,985,000 $580,000 -90.3% 0.1%
    NexBank $580,000 n/a 0.1%
    ZILLOW HOME LOANS, LLC $300,000 $570,000 90.0% 0.1%
    Network Funding, L.P. $555,000 n/a 0.1%
    Warren-Boynton State Bank $545,000 n/a 0.1%
    Coastal Community Bank $515,000 n/a 0.1%
    Catlin Bank $1,415,000 $510,000 -64.0% 0.1%
    COMPASS MORTGAGE, INC. $630,000 $510,000 -19.0% 0.1%
    Community Mortgage Banc Corporation $1,135,000 $505,000 -55.5% 0.1%
    ILLINOIS STATE CREDIT UNION $115,000 $500,000 334.8% 0.1%
    CHURCHILL MORTGAGE CORPORATION $1,175,000 $490,000 -58.3% 0.1%
    Credit Union 1 $560,000 $460,000 -17.9% 0.1%
    Fidelity Bank $240,000 $455,000 89.6% 0.1%
    Petefish, Skiles & Co. $1,200,000 $450,000 -62.5% 0.1%
    Service Federal Credit Union $440,000 n/a 0.1%
    University of Wisconsin Credit Union $435,000 n/a 0.1%
    LIMA ONE CAPITAL, LLC $425,000 $415,000 -2.4% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $560,000 $410,000 -26.8% 0.1%
    Simmons Bank $405,000 n/a 0.0%
    First Savings Bank $1,900,000 $395,000 -79.2% 0.0%
    MOVEMENT MORTGAGE, LLC $105,000 $395,000 276.2% 0.0%
    Equity Prime Mortgage LLC $490,000 $370,000 -24.5% 0.0%
    Old Second National Bank $365,000 n/a 0.0%
    CARDINAL FINANCIAL $250,000 $350,000 40.0% 0.0%
    NBKC BANK $745,000 $350,000 -53.0% 0.0%
    Baxter Credit Union $600,000 $345,000 -42.5% 0.0%
    First Federal Bank of the Midwest $340,000 n/a 0.0%
    CORNERSTONE HOME LENDING, INC. $335,000 n/a 0.0%
    LENOX FINANCIAL MORTGAGE CORPORATION $335,000 n/a 0.0%
    Municipal Trust and Savings Bank $335,000 n/a 0.0%
    Deseret First Credit Union $325,000 n/a 0.0%
    National Bank of St. Anne $325,000 n/a 0.0%
    Cathay Bank $320,000 n/a 0.0%
    RUOFF MORTGAGE COMPANY, INC. $315,000 n/a 0.0%
    The Federal Savings Bank $1,280,000 $315,000 -75.4% 0.0%
    Commerce Bank $6,665,000 $310,000 -95.3% 0.0%
    Clear Mountain Bank $305,000 n/a 0.0%
    NP, Inc. $305,000 n/a 0.0%
    Deere Employees Credit Union $25,000 $300,000 1,100.0% 0.0%
    Figure Lending LLC $170,000 $300,000 76.5% 0.0%
    Key Mortgage Services, Inc. $295,000 n/a 0.0%
    Grundy Bank $290,000 n/a 0.0%
    LAKEVIEW LOAN SERVICING, LLC $825,000 $290,000 -64.8% 0.0%
    First National Bank of America $165,000 $275,000 66.7% 0.0%
    Merchants and Manufacturers Bank $275,000 n/a 0.0%
    M&T Bank $250,000 $275,000 10.0% 0.0%
    CALIBER HOME LOANS, INC. $2,330,000 $265,000 -88.6% 0.0%
    DEEPHAVEN MORTGAGE LLC $265,000 n/a 0.0%
    LENDINGHOME FUNDING CORPORATION $265,000 n/a 0.0%
    Carrollton Bank $75,000 $255,000 240.0% 0.0%
    International Bank of Chicago $885,000 $255,000 -71.2% 0.0%
    HEARTLAND $165,000 $250,000 51.5% 0.0%
    KELLER MORTGAGE, LLC $2,030,000 $250,000 -87.7% 0.0%
    CONSUMERS COOPERATIVE CREDIT UNION $95,000 $245,000 157.9% 0.0%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $200,000 $225,000 12.5% 0.0%
    The Loan Store, Inc. $225,000 n/a 0.0%
    Neighborhood Loans, Inc. $210,000 n/a 0.0%
    Prosperity Home Mortgage, LLC $210,000 n/a 0.0%
    VANDERBILT MORTGAGE AND FINANCE, INC. $140,000 $210,000 50.0% 0.0%
    ALLIANT CREDIT UNION $110,000 $205,000 86.4% 0.0%
    AMERICAN FEDERAL MORTGAGE CORPORATION $205,000 $205,000 0.0% 0.0%
    Bank of England $445,000 $205,000 -53.9% 0.0%
    BAYSHORE MORTGAGE FUNDING, LLC $205,000 n/a 0.0%
    FIRST COMMUNITY $205,000 n/a 0.0%
    State Bank of Graymont $330,000 $200,000 -39.4% 0.0%
    Farmers State Bank of Alto Pass $195,000 n/a 0.0%
    IAA Credit Union $165,000 $195,000 18.2% 0.0%
    Fortress Bank $190,000 n/a 0.0%
    ROSS MORTGAGE CORPORATION $185,000 n/a 0.0%
    Allied First Bank,sb $65,000 $180,000 176.9% 0.0%
    AMERICAN PORTFOLIO MORTGAGE CORPORATION $175,000 n/a 0.0%
    MEMBER FIRST MORTGAGE, LLC $175,000 n/a 0.0%
    First Federal Savings Bank $165,000 n/a 0.0%
    STAR ONE CREDIT UNION $245,000 $165,000 -32.7% 0.0%
    ACADEMY MORTGAGE CORPORATION $160,000 n/a 0.0%
    The Central Trust Bank $155,000 n/a 0.0%
    NORTHWEST BANK OF ROCKFORD $245,000 $145,000 -40.8% 0.0%
    PHH Mortgage Corporation $135,000 $145,000 7.4% 0.0%
    Plains Commerce Bank $145,000 n/a 0.0%
    TRIAD FINANCIAL SERVICES, INC. $75,000 $145,000 93.3% 0.0%
    VILLAGE CAPITAL MORTGAGE $240,000 $135,000 -43.8% 0.0%
    Scott State Bank $145,000 $130,000 -10.3% 0.0%
    Dieterich Bank $125,000 n/a 0.0%
    DECATUR EARTHMOVER CREDIT UNION $390,000 $120,000 -69.2% 0.0%
    AMWEST FUNDING CORP. $105,000 $115,000 9.5% 0.0%
    RBC Bank, (Georgia) $115,000 n/a 0.0%
    FINANCE OF AMERICA REVERSE LLC $105,000 n/a 0.0%
    JUSTICE Federal Credit Union $105,000 n/a 0.0%
    The First National Bank of Pandora $105,000 n/a 0.0%
    Blue Ridge Bank $95,000 n/a 0.0%
    CITY FIRST MORTGAGE SERVICES, L.L.C. $95,000 n/a 0.0%
    AXIA FINANCIAL, LLC $85,000 n/a 0.0%
    Princeton Federal Credit Union $75,000 n/a 0.0%
    Farmers Bank and Trust Company $65,000 n/a 0.0%
    PLANET HOME LENDING, LLC $155,000 $55,000 -64.5% 0.0%
    THRIVENT Federal Credit Union $90,000 $45,000 -50.0% 0.0%
    CREDIT HUMAN FEDERAL CREDIT UNION $35,000 n/a 0.0%
    First National Bank of Pana $35,000 n/a 0.0%
    TrustBank $35,000 n/a 0.0%
    FEDEX EMPLOYEES CREDIT ASSOCIATION $25,000 n/a 0.0%
    First Farmers Bank and Trust Company $15,000 n/a 0.0%
    FOUR POINTS $15,000 n/a 0.0%

    CHAMPAIGN - URBANA's top lender by overall market share is Busey Bank, with 18.5% market share. In second place, with 9.9%, is FLAT BRANCH MORTGAGE, INC., having originated $81,185,000 in loans. In third place, with 6.0%, is Morton Community Bank, having originated $48,905,000 in loans. In fourth place, with 5.4%, is Old National Bank, having originated $43,935,000 in loans. In fifth place, with 5.3%, is Iroquois Federal Savings and Loan Association, having originated $43,055,000 in loans.

    CHAMPAIGN - URBANA Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - CHAMPAIGN - URBANA (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $161,075 (8.0%) $213,404 (8.3%) 0.60 913
    2018-02-01 $169,900 (16.0%) $216,965 (8.7%) 0.62 867
    2018-03-01 $179,900 (14.3%) $227,353 (10.1%) 0.63 846
    2018-04-01 $182,450 (12.3%) $230,719 (6.2%) 0.62 869
    2018-05-01 $189,900 (16.9%) $229,921 (4.6%) 0.63 890
    2018-06-01 $179,900 (9.1%) $224,275 (0.4%) 0.60 951
    2018-07-01 $175,000 (3.0%) $222,682 (-1.6%) 0.58 977
    2018-08-01 $177,250 (4.2%) $222,468 (-0.7%) 0.59 1,000
    2018-09-01 $175,750 (3.4%) $222,799 (-1.8%) 0.59 990
    2018-10-01 $179,800 (8.0%) $221,632 (0.0%) 0.61 965
    2018-11-01 $178,575 (9.9%) $219,700 (2.0%) 0.61 947
    2018-12-01 $175,000 (9.4%) $213,694 (0.6%) 0.60 910
    2019-01-01 $177,000 (9.9%) $217,221 (1.8%) 0.61 828
    2019-02-01 $177,950 (4.7%) $225,021 (3.7%) 0.60 846
    2019-03-01 $188,471 (4.8%) $233,677 (2.8%) 0.62 823
    2019-04-01 $204,900 (12.3%) $241,521 (4.7%) 0.65 801
    2019-05-01 $199,400 (5.0%) $240,457 (4.6%) 0.62 841
    2019-06-01 $195,000 (8.4%) $239,200 (6.7%) 0.61 883
    2019-07-01 $191,400 (9.4%) $233,847 (5.0%) 0.60 933
    2019-08-01 $182,245 (2.8%) $227,226 (2.1%) 0.58 953
    2019-09-01 $178,114 (1.3%) $221,285 (-0.7%) 0.57 960
    2019-10-01 $175,909 (-2.2%) $217,866 (-1.7%) 0.57 963
    2019-11-01 $174,900 (-2.1%) $216,571 (-1.4%) 0.57 926
    2019-12-01 $169,675 (-3.0%) $218,550 (2.3%) 0.57 843
    2020-01-01 $173,700 (-1.9%) $217,755 (0.3%) 0.58 791
    2020-02-01 $185,900 (4.5%) $233,138 (3.6%) 0.61 730
    2020-03-01 $194,900 (3.4%) $241,694 (3.4%) 0.61 722
    2020-04-01 $197,675 (-3.5%) $243,735 (0.9%) 0.62 689
    2020-05-01 $209,000 (4.8%) $247,751 (3.0%) 0.64 602
    2020-06-01 $203,425 (4.3%) $251,729 (5.2%) 0.60 555
    2020-07-01 $223,650 (16.9%) $263,742 (12.8%) 0.65 532
    2020-08-01 $216,200 (18.6%) $258,680 (13.8%) 0.62 485
    2020-09-01 $212,400 (19.3%) $256,440 (15.9%) 0.61 481
    2020-10-01 $192,900 (9.7%) $247,854 (13.8%) 0.55 446
    2020-11-01 $185,625 (6.1%) $240,906 (11.2%) 0.54 426
    2020-12-01 $189,975 (12.0%) $241,779 (10.6%) 0.57 383
    2021-01-01 $189,900 (9.3%) $240,242 (10.3%) 0.57 328
    2021-02-01 $177,500 (-4.5%) $239,952 (2.9%) 0.52 271
    2021-03-01 $179,425 (-7.9%) $251,307 (4.0%) 0.51 247
    2021-04-01 $185,000 (-6.4%) $262,669 (7.8%) 0.50 231
    2021-05-01 $184,900 (-11.5%) $268,471 (8.4%) 0.49 245
    2021-06-01 $192,450 (-5.4%) $272,198 (8.1%) 0.51 267
    2021-07-01 $185,000 (-17.3%) $263,952 (0.1%) 0.49 330
    2021-08-01 $174,450 (-19.3%) $250,983 (-3.0%) 0.47 338
    2021-09-01 $164,300 (-22.7%) $250,038 (-2.5%) 0.44 328
    2021-10-01 $159,900 (-17.1%) $247,501 (-0.1%) 0.43 341
    2021-11-01 $152,225 (-18.0%) $256,465 (6.5%) 0.41 305
    2021-12-01 $151,950 (-20.0%) $253,663 (4.9%) 0.41 254
    2022-01-01 $140,950 (-25.8%) $252,576 (5.1%) 0.38 216
    2022-02-01 $152,050 (-14.3%) $265,756 (10.8%) 0.40 190
    2022-03-01 $167,450 (-6.7%) $258,720 (3.0%) 0.42 172
    2022-04-01 $165,000 (-10.8%) $261,718 (-0.4%) 0.39 190
    2022-05-01 $175,000 (-5.4%) $246,611 (-8.1%) 0.40 222
    2022-06-01 $184,450 (-4.2%) $260,409 (-4.3%) 0.41 254
    2022-07-01 $187,500 (1.4%) $253,339 (-4.0%) 0.42 328
    2022-08-01 $188,500 (8.1%) $250,786 (-0.1%) 0.44 338
    2022-09-01 $199,450 (21.4%) $260,273 (4.1%) 0.47 337
    2022-10-01 $199,900 (25.0%) $264,649 (6.9%) 0.47 328
    2022-11-01 $202,450 (33.0%) $260,188 (1.5%) 0.49 307
    2022-12-01 $203,500 (33.9%) $263,769 (4.0%) 0.50 268
    2023-01-01 $204,325 (45.0%) $272,906 (8.1%) 0.51 229
    2023-02-01 $224,450 (47.6%) $300,491 (13.1%) 0.54 194
    2023-03-01 $256,875 (53.4%) $332,133 (28.4%) 0.61 175
    2023-04-01 $274,900 (66.6%) $344,734 (31.7%) 0.64 184
    2023-05-01 $293,450 (67.7%) $352,714 (43.0%) 0.67 184
    2023-06-01 $281,175 (52.4%) $345,006 (32.5%) 0.63 214
    2023-07-01 $284,900 (52.0%) $349,833 (38.1%) 0.65 219
    2023-08-01 $278,725 (47.9%) $353,589 (41.0%) 0.64 242
    2023-09-01 $275,000 (37.9%) $351,061 (34.9%) 0.64 278
    2023-10-01 $256,225 (28.2%) $336,731 (27.2%) 0.60 279
    2023-11-01 $248,925 (23.0%) $323,231 (24.2%) 0.59 286
    2023-12-01 $237,900 (16.9%) $312,523 (18.5%) 0.58 277
    2024-01-01 $239,675 (17.3%) $320,228 (17.3%) 0.59 248
    2024-02-01 $279,900 (24.7%) $341,213 (13.6%) 0.67 215
    2024-03-01 $294,900 (14.8%) $369,535 (11.3%) 0.69 196
    2024-04-01 $327,175 (19.0%) $390,478 (13.3%) 0.76 195
    2024-05-01 $332,400 (13.3%) $402,397 (14.1%) 0.75 217
    2024-06-01 $325,000 (15.6%) $384,105 (11.3%) 0.73 250
    2024-07-01 $307,400 (7.9%) $372,521 (6.5%) 0.70 271
    2024-08-01 $284,950 (2.2%) $360,759 (2.0%) 0.66 293
    2024-09-01 $264,900 (-3.7%) $345,826 (-1.5%) 0.62 309
    2024-10-01 $270,400 (5.5%) $349,474 (3.8%) 0.64 287
    CHAMPAIGN - URBANA's median listing price for 2024-10-01 was $270,400, a difference of $14,175 (5.5%) versus the prior year and $5,500 versus the prior month.

    CHAMPAIGN - URBANA's median listing price comes in at 64% of the national average.

    CHAMPAIGN - URBANA's average listing price for 2024-10-01 was $349,474, a difference of $12,743 (3.8%) versus the prior year and $3,648 versus the prior month.

    For the 2024-10-01 period, CHAMPAIGN - URBANA had 287 MLS listings, a difference of -22 listings (-7%) versus the prior month and 8 listings (3%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - CHAMPAIGN - URBANA (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 109 days 1,654 sqft
    2018-02-01 108 days 1,666 sqft
    2018-03-01 78 days 1,715 sqft
    2018-04-01 59 days 1,760 sqft
    2018-05-01 61 days 1,800 sqft
    2018-06-01 62 days 1,782 sqft
    2018-07-01 65 days 1,768 sqft
    2018-08-01 68 days 1,781 sqft
    2018-09-01 72 days 1,764 sqft
    2018-10-01 80 days 1,770 sqft
    2018-11-01 88 days 1,757 sqft
    2018-12-01 100 days 1,736 sqft
    2019-01-01 113 days 1,712 sqft
    2019-02-01 107 days 1,717 sqft
    2019-03-01 90 days 1,743 sqft
    2019-04-01 67 days 1,802 sqft
    2019-05-01 59 days 1,822 sqft
    2019-06-01 65 days 1,800 sqft
    2019-07-01 67 days 1,824 sqft
    2019-08-01 68 days 1,776 sqft
    2019-09-01 72 days 1,751 sqft
    2019-10-01 77 days 1,746 sqft
    2019-11-01 92 days 1,744 sqft
    2019-12-01 104 days 1,744 sqft
    2020-01-01 110 days 1,742 sqft
    2020-02-01 113 days 1,783 sqft
    2020-03-01 75 days 1,833 sqft
    2020-04-01 74 days 1,861 sqft
    2020-05-01 78 days 1,835 sqft
    2020-06-01 74 days 1,851 sqft
    2020-07-01 61 days 1,888 sqft
    2020-08-01 58 days 1,842 sqft
    2020-09-01 61 days 1,845 sqft
    2020-10-01 64 days 1,776 sqft
    2020-11-01 60 days 1,749 sqft
    2020-12-01 72 days 1,762 sqft
    2021-01-01 78 days 1,704 sqft
    2021-02-01 68 days 1,676 sqft
    2021-03-01 58 days 1,670 sqft
    2021-04-01 47 days 1,700 sqft
    2021-05-01 41 days 1,700 sqft
    2021-06-01 41 days 1,708 sqft
    2021-07-01 43 days 1,678 sqft
    2021-08-01 45 days 1,581 sqft
    2021-09-01 46 days 1,533 sqft
    2021-10-01 46 days 1,517 sqft
    2021-11-01 57 days 1,498 sqft
    2021-12-01 64 days 1,467 sqft
    2022-01-01 74 days 1,442 sqft
    2022-02-01 62 days 1,495 sqft
    2022-03-01 43 days 1,591 sqft
    2022-04-01 38 days 1,549 sqft
    2022-05-01 34 days 1,533 sqft
    2022-06-01 35 days 1,603 sqft
    2022-07-01 37 days 1,636 sqft
    2022-08-01 40 days 1,665 sqft
    2022-09-01 48 days 1,729 sqft
    2022-10-01 51 days 1,713 sqft
    2022-11-01 59 days 1,728 sqft
    2022-12-01 71 days 1,711 sqft
    2023-01-01 77 days 1,728 sqft
    2023-02-01 68 days 1,770 sqft
    2023-03-01 55 days 1,867 sqft
    2023-04-01 38 days 1,862 sqft
    2023-05-01 39 days 1,867 sqft
    2023-06-01 43 days 1,812 sqft
    2023-07-01 43 days 1,813 sqft
    2023-08-01 44 days 1,806 sqft
    2023-09-01 44 days 1,818 sqft
    2023-10-01 48 days 1,797 sqft
    2023-11-01 50 days 1,789 sqft
    2023-12-01 57 days 1,745 sqft
    2024-01-01 67 days 1,739 sqft
    2024-02-01 58 days 1,783 sqft
    2024-03-01 46 days 1,827 sqft
    2024-04-01 40 days 1,944 sqft
    2024-05-01 30 days 1,973 sqft
    2024-06-01 37 days 1,873 sqft
    2024-07-01 43 days 1,879 sqft
    2024-08-01 46 days 1,808 sqft
    2024-09-01 44 days 1,796 sqft
    2024-10-01 50 days 1,798 sqft
    CHAMPAIGN - URBANA's median listing age (time on market) for 2024-10-01 was 50 days. This is 4% longer than the same period one year ago.

    CHAMPAIGN - URBANA's median square footage for active listings during the 2024-10-01 period was 1,798 sqft. One year prior, the average listing was 1,797 sqft.

    CHAMPAIGN-URBANA, IL Average Rent (2023)

    Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

    For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
    Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
    60936 Champaign-Urbana, IL MSA $750 $750 $880 $1,130 $1,330
    60949 Champaign-Urbana, IL MSA $750 $750 $880 $1,130 $1,200
    60957 Champaign-Urbana, IL MSA $750 $750 $880 $1,130 $1,200
    60960 Champaign-Urbana, IL MSA $750 $750 $880 $1,130 $1,200
    61801 Champaign-Urbana, IL MSA $870 $870 $1,030 $1,330 $1,380
    61802 Champaign-Urbana, IL MSA $830 $840 $990 $1,280 $1,330
    61803 Champaign-Urbana, IL MSA $870 $870 $1,030 $1,330 $1,380
    61810 Champaign-Urbana, IL MSA $750 $750 $880 $1,130 $1,200
    61813 Champaign-Urbana, IL MSA $750 $750 $890 $1,150 $1,200
    61815 Champaign-Urbana, IL MSA $750 $750 $880 $1,130 $1,200
    61816 Champaign-Urbana, IL MSA $850 $850 $1,010 $1,310 $1,360
    61818 Champaign-Urbana, IL MSA $750 $750 $880 $1,130 $1,200
    61820 Champaign-Urbana, IL MSA $950 $960 $1,130 $1,460 $1,520
    61821 Champaign-Urbana, IL MSA $950 $960 $1,130 $1,460 $1,520
    61822 Champaign-Urbana, IL MSA $1,130 $1,130 $1,340 $1,740 $1,800
    61824 Champaign-Urbana, IL MSA $870 $870 $1,030 $1,330 $1,380
    61825 Champaign-Urbana, IL MSA $870 $870 $1,030 $1,330 $1,380
    61826 Champaign-Urbana, IL MSA $870 $870 $1,030 $1,330 $1,380
    61830 Champaign-Urbana, IL MSA $760 $760 $900 $1,170 $1,210
    61839 Champaign-Urbana, IL MSA $760 $760 $900 $1,170 $1,210
    61840 Champaign-Urbana, IL MSA $860 $870 $1,020 $1,310 $1,380
    61842 Champaign-Urbana, IL MSA $780 $840 $1,020 $1,400 $1,540
    61843 Champaign-Urbana, IL MSA $750 $750 $880 $1,130 $1,330
    61844 Champaign-Urbana, IL MSA $750 $750 $960 $1,220 $1,290
    61845 Champaign-Urbana, IL MSA $750 $750 $880 $1,130 $1,330
    61847 Champaign-Urbana, IL MSA $750 $750 $880 $1,130 $1,200
    61849 Champaign-Urbana, IL MSA $750 $750 $880 $1,130 $1,200
    61851 Champaign-Urbana, IL MSA $760 $770 $910 $1,180 $1,220
    61852 Champaign-Urbana, IL MSA $820 $820 $980 $1,270 $1,310
    61853 Champaign-Urbana, IL MSA $980 $990 $1,170 $1,520 $1,570
    61854 Champaign-Urbana, IL MSA $860 $860 $1,020 $1,320 $1,370
    61855 Champaign-Urbana, IL MSA $760 $760 $900 $1,170 $1,220
    61856 Champaign-Urbana, IL MSA $940 $950 $1,120 $1,450 $1,500
    61859 Champaign-Urbana, IL MSA $990 $1,000 $1,180 $1,530 $1,590
    61862 Champaign-Urbana, IL MSA $750 $750 $880 $1,130 $1,200
    61863 Champaign-Urbana, IL MSA $930 $940 $1,110 $1,440 $1,490
    61864 Champaign-Urbana, IL MSA $830 $840 $990 $1,280 $1,330
    61866 Champaign-Urbana, IL MSA $770 $780 $920 $1,190 $1,240
    61871 Champaign-Urbana, IL MSA $880 $890 $1,050 $1,360 $1,420
    61872 Champaign-Urbana, IL MSA $750 $750 $880 $1,130 $1,200
    61873 Champaign-Urbana, IL MSA $750 $750 $890 $1,150 $1,200
    61874 Champaign-Urbana, IL MSA $840 $850 $1,000 $1,300 $1,340
    61875 Champaign-Urbana, IL MSA $950 $950 $1,130 $1,460 $1,510
    61877 Champaign-Urbana, IL MSA $880 $890 $1,050 $1,360 $1,410
    61878 Champaign-Urbana, IL MSA $750 $750 $880 $1,130 $1,200
    61880 Champaign-Urbana, IL MSA $750 $750 $880 $1,130 $1,200
    61882 Champaign-Urbana, IL MSA $750 $750 $920 $1,280 $1,360
    61884 Champaign-Urbana, IL MSA $750 $750 $880 $1,130 $1,200
    61913 Champaign-Urbana, IL MSA $770 $780 $920 $1,190 $1,240
    61929 Champaign-Urbana, IL MSA $750 $750 $880 $1,130 $1,200
    61936 Champaign-Urbana, IL MSA $750 $750 $880 $1,130 $1,200
    61937 Champaign-Urbana, IL MSA $750 $750 $880 $1,130 $1,200
    61953 Champaign-Urbana, IL MSA $870 $870 $1,030 $1,330 $1,380
    61956 Champaign-Urbana, IL MSA $750 $750 $880 $1,130 $1,200

    2022 Average & Median Rent Data Statistics
    CHAMPAIGN-URBANA, IL average 1BR rent: $820, median: $765
    CHAMPAIGN-URBANA, IL average 2BR rent: $969, median: $920
    CHAMPAIGN-URBANA, IL average 3BR rent: $1,254, median: $1,190

    CHAMPAIGN-URBANA, IL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 2,296 $525,910,000 $229,055
    Refi 289 $209,205,000 $723,893
    Other 204 $15,220,000 $74,608
    Cash Out Refi 197 $40,205,000 $204,086
    Home Improvement 152 $28,160,000 $185,263

    Champaign - Urbana's most frequently cited loan purpose was Home Purchase, with 2,296 originations. The 2nd most popular reason was Refi, with 289 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 1,033 $269,585,000 $260,973
    7-8% 674 $188,430,000 $279,570
    5-6% 428 $181,410,000 $423,855
    Over 8% 332 $52,950,000 $159,488
    <2.5% 47 $4,685,000 $99,681
    4-5% 15 $4,285,000 $285,667
    3-4% 8 $1,100,000 $137,500
    2.5-3% 2 $160,000 $80,000

    During 2023, Champaign - Urbana's most frequently originated rate bucket was 6-7%, with 1,033 originations.

    Loan Sizing (CHAMPAIGN-URBANA, IL MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 1,247 $181,915,000 $145,882
    $100,000 or less 914 $51,990,000 $56,882
    $200k-400k 774 $211,050,000 $272,674
    $400k-600k 130 $61,050,000 $469,615
    $600k-1000k 45 $33,935,000 $754,111
    $Over $1MM 28 $278,760,000 $9,955,714

    CHAMPAIGN - URBANA's loan sizing saw the bucket of loans from $100k-200k with 1,247 originations, totaling $181,915,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 1,255 $261,135,000 $208,076
    60-80% 624 $214,570,000 $343,862
    Under 20% 228 $18,780,000 $82,368
    20-40% 204 $88,880,000 $435,686
    40-60% 180 $103,470,000 $574,833
    Over 100% 29 $10,885,000 $375,345

    CHAMPAIGN - URBANA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,255 originations, totaling $261,135,000 in origination value.